China Hengshi Foundation Company Launching Richland County Operations

Fiberglass Manufacturer Investing $11.1 Million And Creating 48 Jobs

May 18, 2017

5/18/2017

COLUMBIA, S.C. – China Hengshi Foundation Company, a fiberglass fabric provider, is locating new operations in Richland County. The company’s new facility is expected to bring $11.1 million in capital investment and lead to the creation of 48 jobs.

Founded in 2000, China Hengshi specializes in the research, development, production and marketing of a variety of fiber-weaving products for export around the world. Primarily used in wind turbine blades, the company’s products are also utilized in space flight, aviation, construction, transportation, environmental protection and more.

Located at 1440 Atlas Road in Columbia, S.C., the company intends to have its 111,000-square-foot manufacturing facility operational by the fourth quarter of 2017. Hiring for the new positions is expected to begin in the third quarter of 2017, and interested applicants should visit the company’s website or contact lewis.stern@hengshiusa.com. ReadySC has also established a microsite to assist in hiring for China Hengshi.

The Coordinating Council for Economic Development has approved job development credits related to this project.

QUOTES

“Today marks another milestone for our company as we are starting our first South Carolina operations. We are very excited about the future of our company and are thrilled that we can support the local community as we launch this new facility.” China Hengshi Foundation Company Ltd. Chairman Zhang Yuqiang

“We’re proud to welcome China Hengshi to the South Carolina business community. It’s a privilege to welcome any company that has decided to do business here, but the 48 new jobs that this investment means for Richland County is an important step forward to continuing the growth of our manufacturing industry.” –Gov. Henry McMaster

“South Carolina has long been a strong player in both manufacturing and foreign direct investment, and this tremendous $11.1 million investment only reinforces that notion. We look forward to our new partnership with China Hengshi Foundation Co.” –Secretary of Commerce Bobby Hitt

“China Hengshi’s announcement is a further demonstration that Richland County’s decision to invest in economic development is paying dividends.” –Richland County Council Chair Joyce Dickerson